|
The
following table summarizes our outstanding debentures as of the dates indicated:
SCHEDULE
OF OUTSTANDING DEBENTURES
| |
|
Maturity |
|
|
Cash Interest
Rate
|
|
|
September
30, 2024 |
|
|
December
31, 2023 |
|
| Principal
(First Tranche Debentures) |
|
12/31/2024 |
|
|
|
5.00%
- 8.00 |
% |
|
$ |
25,000 |
|
|
$ |
3,029,676 |
|
| Principal
(Second Tranche Debentures) |
|
07/17/2025 |
|
|
|
5.00%
- 8.00 |
% |
|
|
25,000 |
|
|
|
2,940,461 |
|
| Principal
(Third Tranche Debentures) |
|
04/18/2026 |
|
|
|
5.00%
- 8.00 |
% |
|
|
- |
|
|
|
2,750,000 |
|
| Principal
(Fourth Tranche Debentures) |
|
06/01/2026 |
|
|
|
5.00%
- 8.00 |
% |
|
|
1,698,500 |
|
|
|
2,750,000 |
|
| Principal
(Fifth Tranche Debentures) |
|
08/20/2026 |
|
|
|
5.00%
- 8.00 |
% |
|
|
450,000 |
|
|
|
- |
|
| Debentures (gross) |
|
08/20/2026 |
|
|
|
5.00%
- 8.00 |
% |
|
|
450,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt
issuance costs and discounts (Note 9 & 12) |
|
|
|
|
|
|
|
|
|
(1,104,593 |
) |
|
|
(7,385,494 |
) |
| Total
Debentures (current) |
|
|
|
|
|
|
|
|
$ |
1,093,907 |
|
|
$ |
4,084,643 |
|
|